This micro-cap stock gains up to 3% after the company bagged an order worth Rs. 6.74 Cr. The stock has delivered 31% returns in six months and 12% returns in one year and it is trading 12% away from the 52-week high.
Mahindra EPC Irrigation Ltd
The company has a market capitalisation of Rs. 332 Cr, making it a micro-cap company. On Friday the gains up to 3%, at 11:10 a.m., shares were trading 1.8% up at Rs. 118.60 on NSE.
According to the company filing, Mahindra EPC Irrigation Ltd has received an order from Office of the Executive Engineer, Water Resources Division for the supply of pressurized Micro Irrigation Systems for 100.00 Ha. The order worth is Rs. 6.74 Cr. In 11 months the order will be executed.
The company’s total revenue grew by 12.6% from Rs. 47.42 Cr in Q1 FY23 to Rs. 53.43 Cr in Q1 FY24 and the company reported a net loss of Rs. 0.81 Cr in Q1 FY24 against the loss of 6.41 Cr in Q1 FY23.
As per the latest shareholding information, Promoters hold 54.26%, the public hold 45.62% and FIIs hold 0.13% stake in the company.
Mahindra EPC Irrigation Limited the company manufactures micro irrigation systems. Its product portfolio includes drip and sprinklers, agricultural pumps, greenhouses, and landscape items.
Written by Sheshadri N
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